Danica Pension Livsforsikringsaktieselskab Takes Position in Lumentum Holdings Inc. $LITE

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,909 shares of the technology company’s stock, valued at approximately $1,638,000.

A number of other large investors have also recently made changes to their positions in LITE. Danske Bank A S acquired a new stake in Lumentum in the second quarter valued at approximately $31,921,000. Artemis Wealth Advisors LLC acquired a new position in Lumentum during the 2nd quarter worth approximately $286,000. Diversify Advisory Services LLC purchased a new stake in shares of Lumentum in the 2nd quarter valued at approximately $2,439,000. Wealthfront Advisers LLC purchased a new stake in shares of Lumentum during the 2nd quarter worth $9,791,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Lumentum during the 2nd quarter worth $51,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

Wall Street Analyst Weigh In

Several equities analysts recently commented on LITE shares. Bank of America dropped their target price on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Northland Securities upped their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. BNP Paribas Exane raised their target price on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 3,183 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the transaction, the insider owned 114,495 shares in the company, valued at $104,125,187.85. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 9,965 shares of company stock worth $8,993,110. Corporate insiders own 0.43% of the company’s stock.

Lumentum Trading Down 5.2%

NASDAQ LITE opened at $827.60 on Thursday. The firm’s fifty day moving average price is $811.06 and its 200 day moving average price is $786.24. Lumentum Holdings Inc. has a 12 month low of $111.20 and a 12 month high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market capitalization of $74.24 billion, a price-to-earnings ratio of -10.07 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the previous year, the company earned $0.88 earnings per share. Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.